Shyam Steel Industries Unlisted Shares

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• Shyam Steel Industries Limited is a leading premium branded TMT Rebar manufacturer in India, known for its integrated steel plants and strong brand identity among end customers. It specializes in producing TMT Rebar with backward integration into sponge iron and billets and sells premium TMT bars (long steel products) across India. As of fy23, the total installed iron and steel production capacity of its steel plants was 19,56,656 MTPA, with an installed TMT Rebar production capacity of 10,13,960 MTPA.
• In the institutional segment, the company provides quality TMT Rebar for projects of large government entities, including public sector undertakings, the National Highway Authority of India (NHAI), railways, military engineer services, Nuclear Power Corporation of India (NPCI), and various state governments. The company has demonstrated strong and consistent financial growth with low leverage since Fiscal 2016 and has built a leading premium brand in India for TMT Rebar. All steel manufacturing plants are located in West Bengal.
• The company's integrated operations include producing raw materials such as sponge iron, billets, and ferro alloys, primarily for captive consumption. Additionally, it operates two captive power plants in West Bengal with a total capacity of 25 MW, supplying power to the direct reduced iron unit (DRI), the steel melting shop (SMS), and the rolling mill (RM) at its steel plants. 
• The company's steel plants are strategically located in West Bengal, close to iron ore mines in Jharkhand and Odisha, and near railway sidings, facilitating easy and cost-effective transportation of raw materials. The company has also pursued selective inorganic growth, acquiring financially stressed companies such as Shreegopal Hi-Tech Private Limited in Fiscal 2008 and Shyam Steel Manufacturing Limited (formerly Sova Ispat Limited) in Fiscal 2011, successfully turning them into low-debt units with operational efficiency.
• The company's customer portfolio consists of retail and institutional customers. In the retail segment, it sells quality TMT Rebar to individual buyers and contractors through a network of dealers and distributors, leveraging its strong brand identity, extensive dealer network, and in-house retail customer relationship management (Retail CRM). As of FY23, it had over 1,762 dealers and 50 distributors across northern and eastern India.
• Key institutional customers include Hindustan Construction Company Limited, Gammon Engineers and Contractors Limited, Gayatri Projects Limited, Iron Triangle Limited, Royal Infraconstru Limited, Tribeni Constructions Limited, and Bhartia Infra Projects Limited. The company supplies quality TMT Rebar for major government projects and is an approved supplier for key government departments such as NHAI, state governments, military engineering services, and Indian Railways.
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